The ongoing embargo on Qatar by some Gulf and Arab states will lead to slower economic growth and hamper fiscal and external performance as outflows of external financing are offset by drawing upon government assets, said an S&P Global Rat

The United Nations Security Council on Tuesday blacklisted the son of Yemen's former president and a Houthi leader, and effectively imposed an arms embargo on the Iran-allied Houthi rebels who rule most of the country.
The cou

Israel imported its first fruit and vegetables from the Gaza Strip in almost eight years on Thursday, in a partial easing of an economic blockade maintained since the Islamist group Hamas seized control of the Palestinian territory.

Oil topped $100 a barrel for the first time in three weeks on Tuesday as tension over Iran kept oil supply concerns in focus and investors bet on further policy action to support global economic growth.
Iran said on Tuesday it had successf

Iran on Tuesday urged the European Union to reconsider an embargo on Iranian oil that comes into effect on July 1, saying it wanted engagement and not confrontation with the bloc.
EU governments on Monday formally approved the embargo, dis

The European Union banned imports of oil from Iran on Monday and imposed a number of other economic sanctions, joining the United States in a new round of measures aimed at deflecting Tehran's nuclear development programme.
In Iran, on

Iran should halt all oil sales to the European Union immediately to disrupt EU plans for an embargo in six months' time, a senior Iranian politician said on Monday.
Ali Fallahian was responding to the European Union's decision earlier in t

World powers argued about the details of a UN resolution on Syria, with Europe and the US pushing for an arms embargo and other sanctions on Syria's government after suicide car bombers killed 44 in Damascus.
Western powers say governm

Iranian oil supplies to Europe would be difficult to replace if a ban supported by some European Union states were to be imposed, Opec's secretary general said on Wednesday.
"I really hope that there will be no embargo from the EU, but it